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VALLEY RESOURCES TO ACQUIRE BRISTOL AND WARREN GAS COMPANY

 VALLEY RESOURCES TO ACQUIRE BRISTOL AND WARREN GAS COMPANY
 CUMBERLAND, R.I., Dec. 2 /PRNewswire/ -- Valley Resources, Inc. (AMEX: VR) and Bristol and Warren Gas Company announced today the signing of an agreement whereby Valley Resources will acquire all of the operations of the Bristol and Warren Gas Company. Additionally Valley will acquire the operations of The New England Gas Company, a propane distribution company from the same group of stockholders. Both Valley and Bristol and Warren want to thank James Malachowski, chairman of the Rhode Island Public Utilities Commission, and his staff for their cooperation and assistance in facilitating the consummation of the purchase agreement.
 Bristol and Warren currently serves approximately 6,400 customers in the Towns of Bristol and Warren.
 The purchase agreement will be filed shortly with the Division of Public Utilities and Carriers to formally transfer to Valley the gas franchise to provide gas utility service currently held by Bristol and Warren.
 Valley Resources Inc. is a public utility holding company with utility operations in northern Rhode Island and nonutility operations throughout New England.
 -0- 12/2/91
 /CONTACT: C.H. Goss of Valley Resources, Inc., 401-333-1595 or Pam Hamilton of Hill & Knowlton, Inc., 617-894-3100, for Valley Resources/
 (VR) CO: Valley Resources ST: Rhode Island IN: UTI SU: TNM


KM -- NE008 -- 8479 12/02/91 15:52 EST
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Publication:PR Newswire
Date:Dec 2, 1991
Words:222
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